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What is the current economic value of an inheritance that will pay $1800 to the beneficiary at the beginning of every three months for 25
What is the current economic value of an inheritance that will pay $1800 to the beneficiary at the beginning of every three months for 25 years, starting when the beneficiary reaches 20 years of age,3.5years from now? Assume that money is worth 7.9% compounded monthly.(Do not round intermediate calculations and round your final answer to the nearest dollar.)
Today's value$
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